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$148,000
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Property Description
LOCATION LOCATION!! COME AND VIEW THE QUIET MAGNOLIA VALLEY CONDO COMMUNITY! Enjoy GROUND level access to this TWO bedroom, TWO bath condo which also enjoys beautiful nature views! Perfect snowbird retreat!! NON-FLOOD ZONE X!!  Just a few minutes to historic downtown New Port Richey where you can enjoy walks around the lake, eat at your favorite restaurant/bar and also enjoy the quaint shops. Just a few minutes to New Port Richey's Aquatic Center as well! Search New Port Richey and you will find out what a lovely town it truly is.  The backyard of this condo has a nature park where many different species of birds and wildlife pass through this park daily, get your binoculars, you will truly enjoy the daily wildlife routine. The large living room and large master suite both have sliding doors that make a full view possible of the peaceful nature park.  The open plan of the kitchen, dining, and living room really makes the condo feel spacious and how it opens right into the enclosed porch just really makes you feel very cozy. Two good size storage units on each side of the enclosed porch. Several storage closets throughout.  Very large master bedroom with ensuite bathroom and walk-in closet and sliding glass doors to see the beautiful backyard nature park view. The second bedroom also has a nice big window to view the nature park as well. So, no matter which main room you are in you will have this nature park view.  We have many local beaches within a few miles, such as Green Key Beach and Anclote Beach, and just a few more miles South visit the beautiful Howard Beach and Park, and a few more miles after that, visit the beautiful Honeymoon Island Beach and Park, and a few more miles South, visit the beautiful Touristy Clearwater Beach. Go North from NPR and visit Hudson Beach, and Sunwest Park. Then about 45 minutes north, you can kayak on the rivers of Weeki Wachee and see a mermaid show, and during the winter visit the Manatees. Just 45 minutes to Tampa Airport.  This Condo Unit is Fully furnished and turnkey (optional). Assigned Covered Parking in addition to parking directly in front of unit.  This area just really has endless things to do, and during the winter season, there are Broadway shows, concerts, endless weekend festivals, festivities to where you can really never finish all that beautiful Tampa Bay area boasts. New Port Richey is really the perfect location to live, work, retire, and play. Included in pictures are a few of local views.  The Central AC/Heat was installed in 2019, the Roof in 2025, and the Hot Water Heater is 2013. Flooring is mostly laminate (wood coloring) and ceramic tile throughout, linoleum in kitchen. This condo is ready for you to make it your own! MOVE-IN READY!!  Schedule your showing today!
Full Property Details
Full Property Details for 7040 Cognac Dr #1
General
- Price: $148,000
- HOA FEE: $345/month
- Taxes: $1,615 (2025)
- Status: Active
- Type: Condo
- Source: MidFloridaRegionalMLS
- MLS ID: TB8463392
- Updated: 1/16/2026
- Added to Site: 7 day(s) ago
Rental Information
- Min. Lease: 3 Months
Interior
- Number of Rooms: 8
- Interior Features: Ceiling Fan(s), Open Floorplan, Walk-In Closet(s)
- Appliances: Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
- Furnishings: Furnished
- Flooring: Other
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Laundry: Inside, Laundry Closet
Exterior
- Exterior Features: Lighting, Sidewalk, Sliding Doors
Parking
- Carports: Yes
- Carport: 1
- Carport Spaces: 1
- Covered Spaces: 1
Location
- Area: 34653 - New Port Richey
- County: Pasco
- Development Name: 34653 - New Port Richey
- Subdivision: MAGNOLIA VALLEY CONDO
- Driving Directions: From downtown New Port Richey on Main Street - go North on Rowan Rd to East on Massachusetts just one block and turn North into the Magnolia Valley Condominiums - continue straight for about a block and it is on the right.
- Direction Faces: West
School Information
- Elementary School: Calusa Elementary-PO
- Middle School: Chasco Middle-PO
- High School: Gulf High-PO
Community
- Community Name: 34653 - New Port Richey
- Community Features: Buyer Approval Required, Deed Restrictions, No Truck/RV/Motorcycle Parking
- Association: Yes
- Assoc. Name: Rick Lawson
- Assoc. Fees Include: Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Trash
- Adult Community: Yes
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable TV Available, Electricity Available, Sewer Available, Water Available
Structural Information
- Exterior Const.: Block, Stucco
- Roof: Other
- Stories/Levels: One
- Square Feet: 1,044
- Sq. Ft. Source: Public Records
- Year Built: 1973
Lot Features
- Lot Size (Acres): 29.22
- Lot Size (Sq. Ft.): 1,272,620
- Lot Size: 29.2153
- Street/Road Desc.: Asphalt
Financial Considerations
- Association Fee: $345
- Assoc Fee Freq.: Monthly
- Assoc Fee Desc.: Required
- Tax Amount: $1,615.49
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: MAGNOLIA VALLEY CONDO PB 11 PG 95 APT A BLDG 7 & COMMON ELEMENTS
- Flood Zone Info: X
- APN: 34251608000070000A0
- Property ID: 34251608000070000A0
- Block/Lot/Section: 700
Listed by Lokation
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Schools
Schools serving 7040 Cognac Dr #1
School District:Pasco County School District
| Name | Grades | Distance |
|---|---|---|
Calusa Elementary School, New Port Richey, FL 7520 Orchid Lake Road, New Port Richey, FL 34653 | K-5 | 0.9 mi |
Chasco Middle School 7702 Ridge Road, Port Richey, FL 34668 | 6-8 | 1.5 mi |
Gulf High School 5355 School Road, New Port Richey, FL 34652 | 9-12 | 2.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7040 Cognac Dr #1
Date
Details
Price
Change
Source
1/11/2026
Listed
$148,000
111.43%
MLS
10/18/2021
Sold
$70,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 7040 Cognac Dr #1
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,648
-6%
$85,492
-21%
2024
$1,746
13%
$108,253
20%
2023
$1,545
61%
$90,226
86%
2021
$961
-22%
$48,432
-27%
2022
$1,239
29%
$66,576
43%
2021
$961
5%
$46,612
5%
2019
$913
6%
$44,490
10%
2018
$862
9%
$40,445
5%
2017
$792
18%
$38,609
12%
2016
$671
8%
$34,424
13%
2015
$624
-3%
$30,386
-2%
2013
$645
—
$30,892
-5%
2013
$645
—
$32,455
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7040 Cognac Dr #1
7040 Cognac Drive #1, New Port Richey, FL 34653 (MLS# TB8463392) is a Condo property with 2 bedrooms and 2 full bathrooms. 7040 Cognac Drive #1 is currently listed for $148,000 and was received on January 11, 2026. Want to learn more about 7040 Cognac Drive #1? Do you have questions about finding other Condo real estate for sale in New Port Richey? You can browse all New Port Richey real estate or contact a Coldwell Banker agent to request more information.

